Egypt Shares Gain EGP56 bln in Q3

During the third quarter of 2013, the Egyptian bourse has posted gains totaled EGP 56 billion.

The capital market surged by 17%, closing at EGP 377.733 billion by the end of September sessions, compared to EGP 321.678 billion by the end of last June sessions.

The Egyptian Exchange’s indices reported significant performance in Q3.

Through Q3- the main index, EGX30 climbed by 18.27% to end at the level of 5621  points. For the mid- and small-cap index, the EGX70 pushed up by 34.97% to close at 486 points; while, the price index EGX100 soared by 26.17% to conclude at the level of 811 points.

Turnover & Market Summary

In Q3, EGX’s traded volume reached around 7.116 million securities worth around EGP 41.4 billion, exchanged through 1.260 million transactions. Noting that, through last 3 months the traded volume had reached 4.736 million securities worth around EGP 29.7 billion, exchanged through 857 thousand transactions.

Elsewhere, the traded volume for the EGX of SMEs – NILEX through Q3 has amounted to 48.2 million securities worth EGP 98.6 million, exchanged through 14.330 transactions.

For EGX’s Over-The-Counter – OTC trading, the shares had seized 85.95% out of the total traded value; while traded value of the bonds represented 14.05% in Q3.

Investors Activities:

Local investors led the market activity through Q3, seizing 80.21% of the total market; while non-Arab foreigners and Arabs seized 14.46% and 5.32%, respectively of the total market, after excluding the deals.

Excluding the deals, the non-Arab foreigners were net sellers in Q3, with a net equity of  EGP 1.510.94 billion; while Arabs were net buyers, with a net equity of EGP 20.75 million, after excluding the deals.

It is worth noting that the non-Arab foreigners were net sellers since the beginning of 2013, with a net equity of EGP 1.603.15 billion; while Arabs were net sellers, with a net equity of EGP 271.58 million, after excluding the deals.

Also in Q3, institutions had seized 46.37% of the EGX’s transactions; while individuals had 53.63%.

Institutions were net sellers, with a net equity of EGP 421.82 million in 3 months, after excluding the deals.